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Big Law

Two NY Broker-Dealers Merger to Create $2B in Client Assets

Two New York broker-dealers today announced a merger deal, creating a firm with more than $2 billion in client assets.

The combined management teams of Bernard Herold & Co. Inc. and Lantern Investments Inc. will be known as Herold & Lantern Investments Inc., effective today, according to the announcement.

The merger brings together two family-owned companies each with many decades of service to their clients, the release said. Bernard Herold & Co., founded in 1972, is based in New York City, and Lantern Investments, founded in 1992, is based in Melville, N.Y.

Read the source article at fa-mag.com

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